"A lot" was an understatement.
The Lofts Downtown building almost complete.
The Centuria is at about 12-14 floors up.
Playa del Sol is looking amazing.
Aria Condos in the Westbank Town Center are going up like crazy.
There's a whole shitload of things going up.
Pardon my French.

Somebody please post an updated skyline shot, or a rendering of the future skyline.

Ex-Kelownite (1994-1995)

__________________The opposite of political correctness is not unvarnished truth-telling. It is political expression that is careless toward the beliefs and attitudes different than one’s own. In its more extreme fashion, it is incivility, indecency or vulgarity. These are the true alternatives to political correctness. l

^ That project in it's current form is squashed. The nimbys tore it to shreds. While the buildings themselves aren't anything too exciting, the way they meet the street and create a great public space is something lacking on Kelowna's downtown waterfront. Considering that the park that sits there now is only good for scoring crack or meth, this was a pretty big loss to the city. Hopefully, another proposal will return, but with a few adjustments.

__________________The opposite of political correctness is not unvarnished truth-telling. It is political expression that is careless toward the beliefs and attitudes different than one’s own. In its more extreme fashion, it is incivility, indecency or vulgarity. These are the true alternatives to political correctness. l

The Conservatory is being built at a pretty slow pace, but it's quicker than before.
Westin is dead.
The Centuria is nearing completion.
The Lofts are completed.
There's a 6 story office building being built downtown on Water and Leon and it looks great. I'll try to find some pictures for it.

The development in my neighborhood (10,11,14,18 story condos) is going ahead with the 4 story units being built right now.

Here's a photo from mmmbry at Skyscrapercity.com:

This is the downtown redevelopment plan.
Personally... I think those towers look too repetitive, and they all don't need to be that large. More variety and mid-rises would be better.

I got a lot of the info from Move Kelowna Forward. You can check it out in my sig. They'll have news on almost every single development in Kelowna.